Bharat Gears reports 33% fall in Q1 net profit

Bharat Gears Ltd. | Auto Ancillary | Automobiles | BSE: 505688 | NSE: BHARATGEAR

23 Jul 2022 Evaluate

Bharat Gears has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 32.71% in its net profit at Rs 4.30 crore for the quarter under review as compared to Rs 6.39 crore for the same quarter in the previous year. However, total income of the company increased by 12.12% at Rs 186.35 crore for Q1FY23 as compared Rs 166.21 crore for the corresponding quarter previous year.

Bharat Gears (BGL) is one of the world leaders in gears technology and India's largest gear manufacturer.

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